Watchdog to Ask U.S. Lawmakers to Probe Icahn’s Role with Trump
Icahn, an unpaid adviser to Trump on regulation, submitted a proposal to Trump last month to change the U.S. Renewable Fuel Standard by shifting the burden of blending biofuels into gasoline away from oil refining companies, and further down the supply chain to marketers.
Public Citizen said that, because Icahn owns a controlling stake in a refinery that could benefit from the proposed change, he may have been required by a 1995 lobbying disclosure law to disclose his discussions with Trump on the subject as lobbying. The group said it would make its request for a probe in a letter to Congress later on Wednesday.
Icahn owns an 82-percent stake in refiner CVR Energy Inc , which along with other refining companies, have urged the Environmental Protection Agency (EPA) to shift the blending obligation away from them.
Icahn has said that the change would benefit not just his company, but the entire refining industry.